On which factors Industries development and growth is appended
Answers
Explanation:
AMONG the duties charged on the Economic Advisory Council is that of considering the possibilities of new industrial development and particularly the measures which could be taken to foster the growth of new industries, whether they arise as the result of the application of the creative discoveries of modern science or not. The growing burden of the unemployment problem and the seriousness of the general economic position has induced the Council to pay particular attention to the relation of research to industrial development. It is at last being realised that industrial research is an important factor in the unemployment situation, and one that tends to create employment or at least to compensate for the displacement of employment in other fields as a result of increased mechanical efficiency or other changes.